Sam Altman Plots Major OpenAI Upgrade As Anthropic Battle Intensifies

OpenAI, the fast-growing artificial intelligence company, is preparing to unveil its biggest upgrade since its launch as it prepares for its initial public offering (IPO) and as competition with Anthropic intensifies. 

OpenAI to Launch Biggest Model Upgrade Soon

According to the Financial Times, which cited people familiar to the matter, OpenAI plans to transform its application into a superapp that combines numerous tools, including coding and AI agents. 

OpenAI hopes that these features will help it compete more with Anthropic, the creator of Claude, which has made major announcements this year. For example, Anthropic launched Mythos, a major model that has advanced capabilities in autonomous software engineering. Polymarket traders believe that Anthropic will have the best AI model by the end of this month.

By launching this upgrade, Sam Altman hopes to make ChatGPT a more popular platform among corporate clients, for whom the company can charge higher fees.

The upcoming upgrade comes at an important period for OpenAI. It recently won a highly publicized lawsuit brought by Elon Musk. The jury ruled that Musk waited for too long to file his lawsuit, in which he accused Altman and the company of abandoning the non-profit mission. 

OpenAI's Growth Has Slowed Ahead of IPO

At the same time, the company's growth has been shaky, with a recent report showing that it had continued to miss its targets. According to the WSJ, some people in the management team have questioned the wisdom of the ongoing data center spending as its growth slows. 

In a recent statement, OpenAI said that it was making $2 billion in revenue a month, with the management predicting a $14 billion loss this year.

Most notably, Anthropic has recently overtaken OpenAI in terms of valuation. It recently raised funds at a $900 billion valuation. In contrast, OpenAI raised $122 billion at a $852 billion valuation from companies like NVIDIA (NASDAQ:NVDA), Softbank, Microsoft (NASDAQ:MSFT), and Fidelity.

The company is also planning to go public later this year. To achieve a strong valuation, it will need to demonstrate that its business is seeing strong revenue and profitability growth. A Polymarket poll shows that many traders believe that OpenAI will achieve a valuation of over $1 trillion after its IPO.

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